Palm Tree Residences Miami: Kygo's Short-Term-Rental Condo Tower in Park West (2026 Guide)

Park West, the few blocks of Downtown Miami north of the arena where E11EVEN and Club Space sit, has become the city's laboratory for one product: fully furnished condos with no rental restrictions, built for nightly rental income. PMG and Lion Development Group have put up several of them. Their latest carries a brand from outside real estate entirely.

Palm Tree Residences Miami is a planned 37-story tower at 1018 N Miami Avenue (the corner lot is also addressed 31 NW 10th Street), branded by Palm Tree Crew, the festival and hospitality company founded by the DJ Kygo and his manager Myles Shear. Developed by PMG, Lion Development Group, EDEN Residential and Sterling Equities and designed by Kobi Karp, it holds 483 fully furnished residences priced from $500,000 to $1.8 million, with no minimum rental restrictions.

View the Palm Tree Residences Miami building page

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Project Snapshot

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The Park West Playbook

The thesis is simple. Downtown Miami draws visitors year-round for the arena, the port, the nightlife and, increasingly, for events at Miami Worldcenter two blocks away. Most Downtown condo associations restrict rentals to six months or longer. A furnished unit in a building with no rental restrictions, in walking distance of all of it, can be rented by the night like a hotel room, and the owner keeps the upside.

Palm Tree Residences joins a cluster of buildings by the same PMG and Lion team built on exactly that premise, including West Eleventh a block away. What is different here is the brand: Palm Tree Crew runs festivals and venues in more than 20 markets, and owners get priority access and preferred ticketing to those events worldwide, plus weekday dining privileges at the Palm Tree Club downstairs.

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The Residences

All 483 homes are delivered fully furnished and finished, from junior suites up to three-bedrooms, with select plans adding dens and Murphy beds. Every residence has a private balcony and an in-unit washer and dryer. Kitchens are by Italkraft with Miele appliances and Waterworks fixtures.

Early broker floor-plan data (subject to change) shows junior suites around 480 to 630 square feet, one-bedroom-plus-den plans around 600 square feet, two-bedrooms around 850 to 865 square feet and three-bedrooms around 1,200 square feet. An MLS listing in the building confirms a 581-square-foot junior suite. These are compact, rental-efficient plans by design.

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Amenities

More than 57,000 square feet of amenities across three levels:

• Palm Tree Club, a ground-floor dining and nightlife venue with live programming
• Rooftop beach club with an infinity-edge pool and hot tub
• Indoor and outdoor lounges and bars
• Double padel court
• Technogym fitness center with functional turf and a climbing wall
• Wellness center with treatment rooms, cold plunge, saunas and steam
• Yoga studio and juice bar
• Golf simulator
• Bike storage
• 24-hour concierge and valet

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The Developer

PMG is Downtown Miami's most active developer, with the Waldorf Astoria and Delano supertalls, The Elser and the Park West rental-friendly towers. Lion Development Group is its partner on several of those. EDEN Residential and Sterling Equities round out the development group, with Palm Tree Crew as brand partner. Sales are handled in-house by PMG Residential.

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Status & Timeline

No deposit schedule has been published as of this writing; the sales team provides it with the contract.

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Pricing

Residences are priced from $500,000 to $1.8 million, which puts junior suites and one-bedrooms in the $500,000s to $700,000s and the largest three-bedrooms at the top of the range. For comparison, 600 Miami Worldcenter, a furnished no-restriction tower two blocks away, launched from the $400,000s in an earlier market.

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Who This Building Is For

The short-term-rental investor who wants a furnished, no-restriction unit in the densest nightlife and events corridor in Miami.

The Palm Tree Crew fan who wants a Miami base with event access built in.

The pied-à-terre buyer who will use the unit a few weeks a year and rent it the rest.

It is not a primary-residence building for most buyers: plans are compact, and the ground floor is a nightlife venue.

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Frequently Asked Questions

Does Palm Tree Residences allow short-term rentals?

Yes. The building is marketed with no minimum rental restrictions, so nightly rentals through platforms like Airbnb are permitted. Confirm the policy in the condominium documents before signing.

Are the units furnished?

Yes. All 483 residences are delivered fully furnished and finished, with Italkraft kitchens, Miele appliances and in-unit washer and dryer.

What does it cost?

$500,000 to $1.8 million, per the developer.

Who is behind the project?

PMG, Lion Development Group, EDEN Residential and Sterling Equities, in partnership with Palm Tree Crew. The architect is Kobi Karp.

When will it be completed?

The developer targets 2030. Groundbreaking has not been announced.

What is Palm Tree Crew?

The festival and hospitality brand founded by Kygo and Myles Shear, with events in more than 20 markets. This is its first residential project; owners receive priority event access and ticketing.

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How to Buy at Palm Tree Residences Miami

We work directly with PMG Residential on behalf of our buyers at no additional cost to you, and can help you compare Palm Tree with the other furnished, rental-friendly towers in Park West and Miami Worldcenter on price, plan efficiency and projected rental performance.

Visit the Palm Tree Residences Miami building page for current availability, or contact us to schedule a sales gallery appointment.